Camp chatter

Graham Summers, Chief Market Strategist at Phoenix Capital Research warns of inflation. Inflation has been the big concern of the Fed, and of course the Canadian government lately. "The Fed’s official inflation measure, the CPI, is now clocking in at 2.4%. And remember, this is the inflation measure that is meant to UNDERSTATE real inflation."In Canada, inflation is managed by a constantly shifting 'basket of goods' in order to smooth inflation numbers. It is an accounting shift to mislead the general public. But out of curiosity, for those interested look at process for fruits and vegetables, and say for example how a head of lettuce has become smaller and yet more expensive. Prices have been nudging up quietly, but the quantity and quality of what you are getting have been getting much smaller too. Out of fun go look at some junk food. Chocolate bars are much smaller, fast food burgers almost cut in half and in Canada costing $10 for actual meat. consider your car payments and the built in cost of servicing. Do you think you have saved money on your car? Many people have kept the payments the same, a strategy to make you feel more comfortable paying the same amount, but payment periods are more often and much longer. Inflation has been rampant, look no further than housing. There are so many built in inflation hidden schemes in your daily life, when you start seeing the prices start to rise then the real issues begin.